The Impact of Crime against a Person on Domestic Investment in Dubai

Document Type

Article

Source of Publication

Journal of Risk and Financial Management

Publication Date

2-18-2024

Abstract

The rise in crime against a person in rapidly growing cities poses significant risks to societies and economies, affecting both microeconomic and macroeconomic aspects. This trend could potentially deter economic performance and domestic investment. Consequently, this study aims to analyze the impact of crime against a person on domestic investment in Dubai spanning 1989–2021. Dubai is considered an emerging economy and a highly competitive global city. It is also acknowledged as one of the world’s smart cities. This study employed the novel nonlinear autoregressive distributed lag (NARDL) approach to investigate the impact of both the escalation and contraction of crime against a person on domestic investment in Dubai. The findings exhibit that the fluctuation in crime against a person has an asymmetrical impact on domestic investment. In addition, estimations of the positive and negative long-run asymmetric coefficients indicate that crime against a person has a negative impact on domestic investment in Dubai.

ISSN

1911-8074

Publisher

MDPI AG

Volume

17

Issue

2

First Page

81

Last Page

81

Disciplines

Business

Keywords

Crime against a person, Domestic investment, Dubai, NARDL approach, Economic performance

Indexed in Scopus

no

Open Access

yes

Open Access Type

Gold: This publication is openly available in an open access journal/series

Link to Full Text

Share

COinS